Owning a home in Chandigarh or within Tricity is anyone’s dream come true. Imagine you have a second home in Tricity. How does that feel? Yes, your financial capacity gives you the leeway to invest in a second residential real estate. So make sure that you reap some benefits out of your extended investment in apartments in Mohali, Chandigarh, or anywhere in Tricity.
Some of the benefits to enjoy from your investment in a second home in Tricity:
Rental income
This benefit is the primary reason for most of us to buy a second home. The rental income will accumulate wealth over an extended period of time as it keeps on adding to your monthly income.
Future investment
An asset in the form of residential property will be quite beneficial in the long run. Assume that your property is an investment for the future. You can fund your future needs (child education & marriage, illness, etc.) with this investment.
Increment on investment
The second home you buy will appreciate in value with the passage of time. Compared to other investment schemes (like FDI or stocks), investment in real estate is likely to give the best return on investment.
Avail Tax Benefits
The home loan for your second home comes with tax benefits for property purchase. As per the government norms, home loan EMI allows one to get rebates on tax returns.
A short-term investment
A buyer can decide to purchase a second home at a time when the prices are low. Sometimes, an exclusive pre-launch offer is available for cheap prices. Buyers can expect the value of their investment to appreciate in a quick time. After which the property can be sold at a handsome profit.
A second home in need
There are times in life when a family requires a second home. Some members of the family may want to move out or relocate from the current location, like parents wanting to move to a location after retirement. That’s when a second home comes very handy.
If you are thinking of buying a second home then Marbella Grand in Aerocity is a perfect match for your desire. The company offers luxurious 3 BHK ready to move flats in Mohali that would be a great way to invest in a second home in Tricity.